Drivers using the Severn Crossings will have more money in their pockets from January next year thanks to the decision to reduce the bridge tolls for the first time.
Following the return of the Severn Crossings to public ownership on 8th January next year, the tolls will be reduced for all drivers in line with the commitment made by the UK Government in Budget 2015.
This will be the first time the tolls have decreased since their introduction in 1966. The normal annual inflation increase will also not be applied.
From 8 January 2018:
Cars will pay £5.60 instead of £6.70.
Small buses or vans will pay £11.20 down from £13.40
Lorries and coaches will pay £16.70 instead of £20
The announcement comes hot on the heels of the 21 July confirmation that the UK Government will abolish the tolls altogether at the end of 2018, strengthening the economic links and prospects of South Wales and the South West of England.
The Secretary of State for Wales Alun Cairns will announced the news to an audience of Welsh business representatives at the CBI Wales Regional Council meeting in Newport.
Cairns said: “For so many years, the tolls on both Severn Crossings have been seen as an economic and symbolic barrier to Wales’ future prosperity. Our decision to reduce the tolls – before abolishing them altogether – will cut costs for businesses, for commuters and tourists alike – helping boost jobs and trade in Wales and across the South-West.”
It is estimated that the abolishing of the tolls will boost the economy of South Wales by around £100 million a year and regular motorists could save over £1,400 per year.